RFG Advisory LLC Trims Stake in Service Co. International (NYSE:SCI)

RFG Advisory LLC decreased its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,519 shares of the company's stock after selling 29,970 shares during the quarter. RFG Advisory LLC owned about 0.07% of Service Co. International worth $7,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCI. SBI Securities Co. Ltd. acquired a new stake in Service Co. International during the fourth quarter worth $25,000. Quarry LP grew its stake in shares of Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after buying an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Service Co. International in the fourth quarter valued at $40,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Service Co. International in the fourth quarter valued at $40,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the sale, the director now directly owns 43,938 shares of the company's stock, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Service Co. International Trading Up 1.3%

Shares of NYSE SCI traded up $0.99 during trading on Friday, reaching $79.22. The stock had a trading volume of 818,348 shares, compared to its average volume of 1,072,543. Service Co. International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The company has a market cap of $11.28 billion, a P/E ratio of 22.32, a PEG ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The business's 50-day moving average price is $77.36 and its 200-day moving average price is $79.53.

Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.89 EPS. Service Co. International's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.62%. Service Co. International's payout ratio is 35.16%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCI. Wall Street Zen raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group dropped their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.25.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.